Your palm is not a secret, meaning anyone with it would be able to zap from your name. The same is true with your face (which you have conveniently presented as your profile pic I guess?). Due to this both methods are terrible for securing wealth, let alone spending it.

But it is very convenient, as are all jails by the way - everything is taken care for you, you just have to comply with the guards and director's edicts. These forms of "ID" will most likely only be used by poorfucks in the future.